Rays Power Infra announced closure of INR 127 Crore Equity Capital Fund Raise - "Mother's Embrace" A Photography Exhibition will be displayed by Renowned Photographer Devendra Naik at Jehangir Art Gallery in Mumbai - DAM Capital Advisors collects Rs 251 cr from Anchor Investors - Blackstone backed Ventive Hospitality Limited raises ₹ 719.55 Crores from 26 anchor investors at the upper end of the price band at ₹643 per equity share - The Inventurus Knowledge Solutions Limited listing ceremony held at NSE today - “ENCOUNTER WITH THE MOMENT” An Exhibition of Photographs by Gurdeep Dhiman at Jehangir Art Gallery in Mumbai - VENTIVE HOSPITALITY LIMITED ANNOUNCED ITS Rs. 16,000 MILLION INITIAL PUBLIC OFFERING (IPO) TO OPEN ON FRIDAY, DECEMBER 20, 2024 Sets Price Band fixed at Rs. 610 to Rs. 643 per equity share of face value of Rs. 1 each - Dr Agarwals Eye Hospital, Chembur, launches advanced laser system for precise and bladeless corneal surgery, Renowned actress Saiee Manjrekar inaugurates the state-of-the-art WaveLight FS200 Femtosecond Laser System - DAM Capital Advisors Limited announced its initial public offering (IPO) to open on Thursday, December 19, 2024 Sets Price Band fixed at ₹ 269/- per equity share to ₹ 283/- per equity share of the face value of ₹2 each - TRANSRAIL LIGHTING LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING (IPO) TO OPEN ON THURSDAY, DECEMBER 19, 2024 Sets Price Band has been fixed at ₹ 410.00 to ₹ 432.00 per equity share, of face value ₹2 each - CONCORD ENVIRO SYSTEMS LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING (IPO) TO OPEN ON THURSDAY DECEMBER 19, 2024 Sets Price Band fixed at ₹ 665 to ₹ 701 per equity share of face value of ₹5 each

Crompton Greaves strengthens its sustainability footprint in the agricultural sector, securing its fourth consecutive order for solar water pumping system from HAREDA, Haryana under PM-KUSUM Scheme

Crompton strengthens its sustainability footprint in the agricultural sector, securing its fourth consecutive order for solar water pumping system from HAREDA, Haryana under PM-KUSUM Scheme

Mumbai- 21  March 2024 (GNI): Crompton Greaves Consumer Electricals Ltd., renowned for its innovative solutions in the pumps industry, is proud to announce its fourth consecutive win of another landmark solar water pumping system order under the prestigious PM-KUSUM scheme for the state of HaryanaThe latest order, sanctioned by the New & Renewable Energy Department Haryana and HAREDA includes the supply, installation, and commissioning of 7.5 HP DC; 10 HP AC and 10 HP DC solar photovoltaic water pumping systems which are worth over Rs. 9 crores. This achievement is part of a larger initiative led by the Solar Energy Corporation of India (SECI) and the Ministry of New & Renewable Energy (MNRE), aiming to replace and establish new connections for 6.5 Lac pumps across India. Total orders accrued till now from HAREDA stands at Rs 65.6 crores.

Moreover, Crompton has secured a Letter of Empanelment for 2500 solar pumping systems in Maharashtra from MSEDCL (Maharashtra State Electricity Distribution Co. Ltd) for 500 systems and MEDA (Maharashtra Energy Development Agency) for 2000 systems.

Another Letter of Empanelment has been received for 1000 solar pumping systems in Rajasthan from Commissionerate of Horticulture, Rajasthan. 

Total value of Letters of Empanelment received amounts to appx Rs 85 crores, marking another step forward in its commitment to agricultural sustainability. This significant development, coupled with the recent fourth order from Haryana and LOE from Maharashtra and Rajasthan Govts., further demonstrates Crompton’s growing footprint and dedication to providing sustainable solutions and leveraging technology for a greener future.

In the vast Indian agricultural landscape, solar power offers a win-win solution for farmers. It not only tackles environmental concerns by reducing greenhouse gas emissions, but also significantly lowers energy costs, boosting their profitability. As the nation prioritizes sustainable energy, solar emerges as a game-changer, providing a clean and renewable power source crucial for our planet’s future. Integrating solar into sectors like agriculture leads to a transformative shift by creating a practical and eco-friendly approach that benefits both farmers and the environment. Therefore, Crompton’s dedication to sustainable solutions aligns seamlessly with the national push towards renewable energy.

Crompton aims to deploy over 10,000 solar powered pumps under the PM-KUSUM Scheme in the next few years, in its efforts to make an impact in the energy efficiency category. Through an extensive after sales service network, technically equipped channel partner presence across India, top R&D and manufacturing facilities and a rigorous 5-stage product development process, Crompton can achieve its target of deploying in a wide range of highly energy-efficient and innovative solar water pumps.

Speaking on this occasion, Rajat Chopra, VP and Business Head, Pumps at Crompton Greaves Consumer Electricals Ltd. said, “We are thrilled to secure the fourth consecutive order for solar pumping systems in Haryana under the PM-KUSUM Scheme, along with Letters of Empanelment from Maharashtra & Rajasthan Govts., signifying our solid dedication to delivering cutting-edge and sustainable solutions to the agricultural sector. At Crompton, we believe that innovation is a part of our DNA, driving us to continually redefine boundaries

Crompton had actively engaged in the tender process for four states – Haryana, Maharashtra, Rajasthan, and Madhya Pradesh. The initial groundwork, overseen by SECI and MNRE, has transitioned to the respective state nodal agencies—HAREDA (Haryana), MEDA, MSEDCL (Maharashtra), MPUVNL (Madhya Pradesh) and RHDS, RUVVNL (Rajasthan)—for the final execution phase. While Crompton is set to kick-start its operations with HAREDA with the fourth work order, they are equally prepared to make a meaningful impact in Rajasthan, Maharashtra, and Madhya Pradesh.ends GNI

Be the first to comment on "Crompton Greaves strengthens its sustainability footprint in the agricultural sector, securing its fourth consecutive order for solar water pumping system from HAREDA, Haryana under PM-KUSUM Scheme"

Leave a comment

Your email address will not be published.


*